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Technology Stocks : Oracle Corporation (ORCL)
ORCL 195.29-1.6%Dec 23 3:59 PM EST
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To: Margarita who wrote (6828)4/6/1998 10:33:00 PM
From: ChrisJP  Read Replies (1) of 19080
 
Margarita,

I sold 1st thing Friday morning so not to worry.

I usually reserve the term "falling knife" for situations far more extreme than this one. Like a complete absence of buyers. There were plenty of buyers today. There were plenty on Friday too. That's not to say that the "sell-off" or "downtrend" or "correction" won't continue.

ORCL made a great move from 18. Unless you expect another earnings surprise or selling for selling's sake, 25 - 26 should be as low as it will go. If it weren't for the tech sector clouds, I would have said 26 5/8 was it. That was a 40% retracement in 3 days of what took 2 months to get to.

Regards,
Chris
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